BLT’s quick fix

Indonesia’s Berlian Laju Tanker (BLT) says it has been awarded a charter contract from compatriot oil and gas major Pertamina.
BLT was reported last week to have bought the Commander N.
BLT will employ the 78,500-cbm Commander N (ex-Berge Commander, built 1992) to fulfill the time-charter arrangement.
The very large gas carrier (VLGC) will be fixed for a period of up to seven years.
The contract is valued at approximately $90m.
As TradeWinds reported earlier this week, the Commander N was purchased by BLT from US-based shipowner General Ore for approximately $35m.
The vessel was reported to be earning $35,000 per day on a five-year storage charter to Pertamina.
Upon delivery, the VLGC is to be reflagged in the Indonesian registry.
The vessel will be the first-ever Indonesian-flagged VLGC.
BLT says the contract “marks a new era for the development of the Indonesian shipping industry.”

Source: Tradewinds